News Centre

CFTC’s Market Risk Advisory Committee Announces Agenda For January 31 Public Meeting

Date 25/01/2018

The U.S. Commodity Futures Trading Commission (CFTC) today announced the agenda for the upcoming Market Risk Advisory Committee (MRAC) public meeting that will be held on January 31, 2018 at CFTC’s headquarters in Washington, D.C. [See CFTC Press Release 7668-18 for attending, viewing and listening instructions.]

DFM Accredits “Brokerage House Securities” For Direct Market Access (DMA)

Date 25/01/2018

Dubai Financial Market (DFM) today announced that “Brokerage House Securities” has been accredited to provide Direct Market Access (DMA) for global brokers lifting the number of DMA service providers to 15 brokerage firms. The exchange is currently processing similar applications from other brokerage firms in collaboration with the Securities and Commodities Authority (SCA).

FESE Position Paper: Amendments To The European System Of Financial Supervision And The Review Of The European Supervisory Authorities

Date 25/01/2018

FESE welcomes the opportunity to provide its views on the Review of the European Supervisory Authorities. In considering the proposals from the European Commission on the ESAs Review, FESE believes the focus should be on the following high-level principles and objectives:

- Strengthening supervisory convergence within ESMA’s current tools and structures

- The proposals for new direct supervision are not justified

- NCAs competence and knowledge needs to be utilised in European supervision

- ESMA should have a stronger role in third country issues

GLMX Electronic Repo Marketplace Raises $20 Million In Bid To Address Market's Growing Efficiency And Reporting Concerns

Date 25/01/2018

GLMX, a comprehensive technology solution for the trading of repurchase agreements ("repo") and secured lending, has raised $20 million in growth equity financing. The investment will help the firm expand its operations into major European markets and bolster its engineering team following a record year in which its client base doubled, and weekly trading volumes exceeded $68 billion.

BNP Paribas Asset Management Appoints Michel Fryszman As Head Of Structured Finance Within Private Debt & Real Assets Investment Group

Date 25/01/2018

BNP Paribas Asset Management (‘BNPP AM’) announces that it has appointed Michel Fryszman as Head of Structured Finance.  He joined on 15 January and is based in Paris.  He reports to Laurent Gueunier, Head of Real Assets, SME Lending & Structured Finance.

Securities Commission Malaysia’s Audit Oversight Board, Malaysian Institute Of Accountants, Association Of Chartered Certified Accountants: Stakeholders Found Value In Enhanced Auditors’ Report - Two Thirds Of Surveyed Respondents Acknowledged The Improvements That The New Standards Bring And That It Is A Key Tool In Navigating Complex Financial Reports

Date 25/01/2018

A joint study on the first-year implementation of the enhanced auditors’ report (EAR) revealed that key users of audit and financial reports found value in the new reporting standards with two thirds of the surveyed respondents acknowledging that it is an improvement compared to the old auditors’ report.

BME: The Pre-Market Environment Welcomes New Participants

Date 25/01/2018

• Novelties to be presented in Madrid during the 3rd Investor's Day, on February 6th
• The addition of two new companies strengthens the Environment, which has now seven companies

FESE Response To ESMA Consultation On RTS 1

Date 25/01/2018

FESE strongly supports ESMA’s proposal to clarify that Systematic Internalisers’ quotes would only reflect prevailing market conditions where the price levels could be traded on a trading venue at the time of publication. We welcome ESMA’s initiative to clarify this issue which we consider to be a necessary development in order to deliver on the objectives of MiFID II/MiFIR and therefore urge ESMA and the Commission to move speedily to adopt this amendment to the Level 2 framework.

UK Financial Conduct Authority Fines Interactive Brokers (UK) Limited £1,049,412 For Poor Market Abuse Controls And Failure To Report Suspicious Client Transactions

Date 25/01/2018

The Financial Conduct Authority (FCA) has today imposed a financial penalty on Interactive Brokers (UK) (IBUK) in the amount of £1,049,412 for failings in its post-trade systems and controls for identifying and reporting suspicious transactions in the period February 2014 to February 2015 (‘the Relevant Period’).

BDO Awards Outstanding Performers In ESG Reporting, Sees ESG Gaining Solid Ground In Core Business Considerations

Date 25/01/2018

BDO Limited (BDO), the world's fifth largest accountancy network, is holding the awards presentation ceremony of the inaugural BDO ESG Awards today to recognise outstanding Hong Kong-listed companies which have made a positive impact in the areas of Environment, Social and Governance (ESG) through excellent performance in ESG reporting and implementing outstanding sustainability initiatives. The Awards aim to encourage companies to be more aware of their social responsibility and to incorporate sustainability best practices into their business and reporting models.